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a hefty spike in taxes. beau, a government contractor, and deanna, an office worker, make a combined income of about $60,000. without a deal, their income taxes will rise by roughly $2,400 a year. on top of that, like everyone else earning $110,000 or less, they'll pay higher payroll taxes to pay for social security. with or without a deal, those are set to go up across the board by 2%. and for the martins, that means they'll pay an additional $1,200 a year. income and payroll tax increases combined, the martins are looking at an additional $3,600 in 2013. and it doesn't stop there. without a deal, feeding their 2-month-old baby daughter, grace, could cost the martins a lot more, too. every american faces the potential for a huge jump in milk prices. the farm bill has stalled, and subsidies have been rolled back. without a deal securing that help for farmers, the price of a gallon of milk could shoot up to almost $7 a gallon. families paying the price at the grocery store. >> very alarming numbers here. bian
a hefty spike in taxes. beau, a government contractor, and deanna, an office worker, make a combined income of about $60,000. without a deal, their income taxes will rise by roughly $2,400 a year. on top of that, like everyone else earning $110,000 or less, they'll pay higher payroll taxes to pay for social security. with or without a deal, those are set to go up across the board by 2%. and for the martins, that means they'll pay an additional $1,200 a year. income and payroll tax increases...
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rates, brace yourself for other taxes. rates go up for couples making above $450,000. paychecks for all workers get smaller. the payroll social security tax goes back up 2%, costing about $1,000 a year for an average worker. personal deductions would be limited for incomes above $250,000. taxes on savings, investments and family inheritances go up. but good news for middle class families. a permanent fix to protect them from paying the alternative min minimum tax. for many watching this unfold, more disappointment. >> i feel it's quite disturbing that our elected officials cannot come together to make decisions in the best judgment of the people. >> the fact that congress can't do anything is a laughingstock anyway. nobody has any faith in them to begin with. >> reporter: what happens next? >> house republicans are huddled trying to figure out if they would have the votes if they made changes to add spending cuts. they will take a vote tonight on the measure the way the white house and the senate wrote it. more to come. >>
rates, brace yourself for other taxes. rates go up for couples making above $450,000. paychecks for all workers get smaller. the payroll social security tax goes back up 2%, costing about $1,000 a year for an average worker. personal deductions would be limited for incomes above $250,000. taxes on savings, investments and family inheritances go up. but good news for middle class families. a permanent fix to protect them from paying the alternative min minimum tax. for many watching this unfold,...
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a new year and new taxes to pay for obamacare. but will it cost jobs? do you think it may affect the number of people you can hire? keeping times square safe on new year's eve. seth doane behind the scenes with the f.b.i. and michelle miller on the portraits that tell the story of the mepls. >> reporter: what are theying? what is it they're trying to convey in these pictures? >> captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. scott is off tonight, i'm anthony mason. america went over the fiscal cliff at midnight, but we are still waiting to see if it will be a hard fall or a soft landing early this morning, the senate passed a compromise bill that raises income taxes for individuals earning $400,000 a year and families earning $450,000. everyone else would be spared. it would also delay spending cuts for at least two months, and that does not sit well with many house republicans. so where do we go from here? we have two reports beginning with nancy cordes at the capitol. >> reporter: anthony, house
a new year and new taxes to pay for obamacare. but will it cost jobs? do you think it may affect the number of people you can hire? keeping times square safe on new year's eve. seth doane behind the scenes with the f.b.i. and michelle miller on the portraits that tell the story of the mepls. >> reporter: what are theying? what is it they're trying to convey in these pictures? >> captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley:...
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under terms of the legislation taxes on the middle class will not go up. individuals earning $400,000 a year or more and households earning $450,000 a year or more will see the levels return to clinton are a taxes. >> i think that we've made gigantic prog gressments i hope that we can have a bipartisan agreement as we go forward. >> vice-president joe biden -- >> we are losing an opportunity for reform. >> reporter: opponents of the deal said it was done in haste. >> senator mitch mcconnell said this shouldn't be the model and the senate proceed like a bull in a china closet anyway. >> reporter: if the deal is passed in the house, the president is expected to sign this, killing the tax hikes. i'm elizabeth corey done reporting. >> the senate bill's lack of spending cuts is a concern. house majority leader eric cantor said this is not over yet. >>> the new year was also the deadline to apply for the state's homestead tax credit. december 31st was the deadline this get the application in the mail but you can still turn it in tomorrow. >>> a home caught on fi
under terms of the legislation taxes on the middle class will not go up. individuals earning $400,000 a year or more and households earning $450,000 a year or more will see the levels return to clinton are a taxes. >> i think that we've made gigantic prog gressments i hope that we can have a bipartisan agreement as we go forward. >> vice-president joe biden -- >> we are losing an opportunity for reform. >> reporter: opponents of the deal said it was done in haste....
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half of it's paid for by new taxes. at a minimum you'll see an amendment that says if we're not going to do sequester which was the down payment on the debt ceiling it should be with real spending cuts. >> we're getting indications from the senate they would not even look at an amended bill. mitch mcconnell, joe biden they were here until the early hours of this morning on new year's day. what happens if that -- are we going off the fiscal cliff? >> well, you know, i don't know. that'll be a decision for the senate. but quite frankly, the senate had in its power for over six months to do what they did at the stroke of midnight last night and that is amend a house bill and send it back to us. i think it's a little unreasonable for senator reid to say that something that they produced on new year's eve produced by a bunch of sleep deprived people is what we should adopt within 40 hours. >> cantor obviously you said is against the bill as it stands. boehner reserved judgment, did not say public opinion. boehner can't go ov
half of it's paid for by new taxes. at a minimum you'll see an amendment that says if we're not going to do sequester which was the down payment on the debt ceiling it should be with real spending cuts. >> we're getting indications from the senate they would not even look at an amended bill. mitch mcconnell, joe biden they were here until the early hours of this morning on new year's day. what happens if that -- are we going off the fiscal cliff? >> well, you know, i don't know....
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estate tax...ovvr that aaount... the tax rate would go from 35 to 40-percent wwll apparently be delayed for two monnhs...the delay will be &ppaid for by 12 billion dollars in new revenue and 12 billion dollars in spending cuts 3 2012 turned out to be a far more deadlier year in baltimore city. the last murderrvictim of 2012 died just 14 minutes before the neww year.. tonnght... crime and justiceereporter joy lepola 3 bring that number ddwn. 3& in 2011, the city saw a 3 thaa 2-hundred people were murdered.. record that fell by the wayside t the trike of midnight. thii in a city deemed the 7th deadliest byy forbes magazine. ((pkg))19:19:442(gessler sound))-johny mcfadden 62... kendal stetten 27 they are theenames of those whh were murdered in - baltiiore city in 2012. 3 just before the ewwyear was &pushered in. 217 lives lost.... 20 more compared to the - historic low of 2011. 18:57:33(gessler -batts) we -3can ddop that number below 197 & 197 are still too many lives being loss... too me brothers - uncles ttoomany fath
estate tax...ovvr that aaount... the tax rate would go from 35 to 40-percent wwll apparently be delayed for two monnhs...the delay will be &ppaid for by 12 billion dollars in new revenue and 12 billion dollars in spending cuts 3 2012 turned out to be a far more deadlier year in baltimore city. the last murderrvictim of 2012 died just 14 minutes before the neww year.. tonnght... crime and justiceereporter joy lepola 3 bring that number ddwn. 3& in 2011, the city saw a 3 thaa 2-hundred...
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the bush-era tax cuts have expired so everybody's tax rates have gone up but if a compromised bill is passed, retroactively they can pass it. >> this represents the least we could have done under these circumstances. >> it fails to address the mortal threat -- uncontrolled spending. >> reporter: there's one deadline they cannot ig know. >>> the new congress begins monday at 12 p.m. karen travers, abc news washington. >> we have more at abc2news.com. just head to our home page and look for the featured stories. >>> all right. a lack at maryland's most powerful radar. very little of that precipitation has made its way north. all of it well, well south. conditions are still dry. clouds are holding tough around the area. that storm is staying south and still pretty cloudy around here. again, we stayed nice and dry. upper 30s in reisterstown, hick core ri and man chester. 42 in pape pea. cloudy and dry, getting cold. colder still as we go into tomorrow and the middle part of the week. we've got those numbers straight ahead. >>> new tonight a teen killed in a car crash in aberdeen. the vict
the bush-era tax cuts have expired so everybody's tax rates have gone up but if a compromised bill is passed, retroactively they can pass it. >> this represents the least we could have done under these circumstances. >> it fails to address the mortal threat -- uncontrolled spending. >> reporter: there's one deadline they cannot ig know. >>> the new congress begins monday at 12 p.m. karen travers, abc news washington. >> we have more at abc2news.com. just head to...
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they protect 99.3% of the taxpayers from any tax increases from the income tax. many people, they will see the payroll tax increases, but they won't see any increase tax views. those are people making more than $450,000 or $400,000. they will see their taxes revert back to where they were in the clinton administration. their top right will be 39.6%. and going up. it will be about 20%. so they're going to see the tax increases. the estate tax about $5 million with a 40% rate, the $5 million exclusion will continue going forward so they've got a little bit of the break there. that's what's happening. we're sort of holding things steady, a few people are going to see higher taxes go up. on average by about $1,500. >> the current deal extends the unemployment benefits for another year for millions of americans. and protect the payments to go out to the doctors that treat the medicare patients. but what about the spending cuts we need to deal with the national debt? >> that's the big problem. they have put off the major tax increases. they're going to fight it all off
they protect 99.3% of the taxpayers from any tax increases from the income tax. many people, they will see the payroll tax increases, but they won't see any increase tax views. those are people making more than $450,000 or $400,000. they will see their taxes revert back to where they were in the clinton administration. their top right will be 39.6%. and going up. it will be about 20%. so they're going to see the tax increases. the estate tax about $5 million with a 40% rate, the $5 million...
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its bears the middle class a tax hike, but raises taxes on those making over $400,000 a year. there are massive cuts to the military and other federal agencies delayed for two months. democrats want a chance to vote on the bill. >> our speaker said when the senate backs, we will avoid -- we will have a vote and neihaus. that is what we expect. that is what the american people deserve. >> to forge a constructive solution for the good of the nation. >> with an opening prayer appealing for compromise, the house went into session at 9. >> this present plant with another $1 trillion of debt on the american people. >> some democrats support it plan to prevent more financial instability. >> my district cannot afford for the stock market to go down another 300 points if we cannot do something. >> without a deal going to be president, income taxes will rise for almost every american. gop leader eric cantor has broken with house speaker john boehner. house democrats say they are waiting to hear from a republican colleagues. they believe this is a solid, bipartisan deal. >> for the first
its bears the middle class a tax hike, but raises taxes on those making over $400,000 a year. there are massive cuts to the military and other federal agencies delayed for two months. democrats want a chance to vote on the bill. >> our speaker said when the senate backs, we will avoid -- we will have a vote and neihaus. that is what we expect. that is what the american people deserve. >> to forge a constructive solution for the good of the nation. >> with an opening prayer...
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it's a tax defrl. when speaker pelosi and democrats were in charge, they used the word pay go constantly. in other words, is there an offsetting pay for what you do? president bush's tax cuts were not paid for. they were anticipated to be grown out of. these are not anticipated to be grown out of. cdo has said 3.967. in other words, $4 trillion will be added to the debt over ten years with this tax cut unless we do some spending cuts to help offset it. right now the president's still in a spending mood. we need to get him in a savings mood. >> i want to clarify, you said it was after the new year's and they were partying. are you suggesting that mitch mcconnell and fellow republicans in the senate were drunk when she voted on this last night? >> of course not. i was having a little fun with you, wolf. it was after midnight t was a piece of legislation intended to be passable. not necessarily to be right. and this was in fact something that joe biden found a way to get the art of the possible. send some
it's a tax defrl. when speaker pelosi and democrats were in charge, they used the word pay go constantly. in other words, is there an offsetting pay for what you do? president bush's tax cuts were not paid for. they were anticipated to be grown out of. these are not anticipated to be grown out of. cdo has said 3.967. in other words, $4 trillion will be added to the debt over ten years with this tax cut unless we do some spending cuts to help offset it. right now the president's still in a...
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we are already seeing taxes go up across the board. you know the 3.8% obamacare tax and an increase most likely on those that earn $400,000 or more will go up quite a bit on a percentage basis. so we are going to see a slower economy, less money in the economy, and the stock market doesn't like that because corporations won't earn as much. everybody needs to put on their seatbelt because this will last for a longtime, even going into the debt conversation that will happen in about two months from now. things are a mess, and we need to get things straight eped out quickly. >> he is the managing partner at chap wood, happy new year. we will talk again soon. >> you too. take care. >>> new details emerging about the deadly september 11th attack on our consulate in libya. what we are now learning about the changes made to the talking points about the attack. plus, an oil rig trying to get out of the path of a major storm runs aground. this is off the coast of alaska. new information on the environmental threat up next. >>> welcome back. new
we are already seeing taxes go up across the board. you know the 3.8% obamacare tax and an increase most likely on those that earn $400,000 or more will go up quite a bit on a percentage basis. so we are going to see a slower economy, less money in the economy, and the stock market doesn't like that because corporations won't earn as much. everybody needs to put on their seatbelt because this will last for a longtime, even going into the debt conversation that will happen in about two months...
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he's never voted to raise taxes. he is opposed to abortion. and republican primary voters there in missouri said hey, this sounds like our kind of guy. so democrats kind of meddled in that primary. they got the candidate that they wanted and he self destructed just as they wanted, making what should have been a tough reelection fight for claire mccaskell kind of a cake walk. >> as the royal mounted miss always say, we always get our money, and claire mccaskill got her man. >>> the president bounced back with two strong showings. here's a memorable line from the third debate that ranked as the number five quote of the year. take a look. >> you mentioned the navy, for example. we had fewer ships than we did in 1916. well, governor, we also have fewer horses and bayonets. because the nature of our military has changed. we have these things called aircraft carriers where planes land on them. we have the ships that go under water, nuclear submarines. >> talk about patronizing. meanwhile, perhaps the most memorable moment from the debates occurred i
he's never voted to raise taxes. he is opposed to abortion. and republican primary voters there in missouri said hey, this sounds like our kind of guy. so democrats kind of meddled in that primary. they got the candidate that they wanted and he self destructed just as they wanted, making what should have been a tough reelection fight for claire mccaskell kind of a cake walk. >> as the royal mounted miss always say, we always get our money, and claire mccaskill got her man. >>>...
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they don't want to just pass mostly -- mostly tax cuts but tax increases. that is a big part of what i'm hearing is going on. the other thing we're told is that the house speaker is simply not taking a position whether he is for or against this. he's being very cautious, we're told, in this meeting, with his members. simply listening to ideas, laying out options, you know. one option that the speaker said publicly, even before we saw this senate vote, is that the house may take up the deal, may take up the bill, but then try to amend it in some way. we're waiting to see what they decide, but we should also note they're not going to decide anything out of the meeting. we're told clearly they're going to take into consideration what they hear from the members in this meeting, spend some time this afternoon discussing it inside the leadership. and then have another meeting later today to figure out how they're going it -- how they're going to move forward. and, of course, the question is whether or not there is going to be a late night vote tonight or maybe de
they don't want to just pass mostly -- mostly tax cuts but tax increases. that is a big part of what i'm hearing is going on. the other thing we're told is that the house speaker is simply not taking a position whether he is for or against this. he's being very cautious, we're told, in this meeting, with his members. simply listening to ideas, laying out options, you know. one option that the speaker said publicly, even before we saw this senate vote, is that the house may take up the deal, may...
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tax reform, immigration reform. we have to finish implementing the health care law. a year from now people will be signing up for exchanges in states all over the country. >> perry? >> we don't know if barack obama is a liberal a moderate. we've been debating that for two, four years. >> you think we'll know? >> i think we'll know. >> is he a pragmatist? >> is he a pragmatist? an ideologuisdeologuist. >> i'm going put you on the spot, mcauliffe, the big race in 2013. which will dominate the washington media market. terry mcauliffe? >> it's such a fascinating race, because it's kind of -- cucinelli is the national tea party hero in waiting, with alan west and michele bachmann. >> if he wins? >> if he wins, could see him in 2016. just saying. >> year of 2012, besides president obama's re-election, known as the year america got comfortable with gay marriage. that's it for this special edition of "the daily rundown." you can watch us at 9:00 a.m. on msnbc. happy holidays, happy new year. be safe from all of us at "the daily rundown."
tax reform, immigration reform. we have to finish implementing the health care law. a year from now people will be signing up for exchanges in states all over the country. >> perry? >> we don't know if barack obama is a liberal a moderate. we've been debating that for two, four years. >> you think we'll know? >> i think we'll know. >> is he a pragmatist? >> is he a pragmatist? an ideologuisdeologuist. >> i'm going put you on the spot, mcauliffe, the big...
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bracket -- tax bracket. i would like to retire someday and to hear that social security and medicare will be affected. we will not have the money to spend on anybody when i retire and these programs will be very adversely affected. host: when the two sides get back to that of for the 113th congress in what people are saying it is round two, senate republicans are saying no debt ceiling increase until president obama and democrats put social security and medicare on the table. what do you think? caller: i do think we should be looking at spending cuts. if we keep in the autumn of programs where they are now, we will not have anything for anyone -- if we keep entitlement programs where they are now, we will not have anything for anyone in a few years. i agree with republicans in that. we do need to protect our country and have the military be the best it can be, but i would say we do not need to give them more money. i think that is one area where i see things differently than our republican colleagues. host:
bracket -- tax bracket. i would like to retire someday and to hear that social security and medicare will be affected. we will not have the money to spend on anybody when i retire and these programs will be very adversely affected. host: when the two sides get back to that of for the 113th congress in what people are saying it is round two, senate republicans are saying no debt ceiling increase until president obama and democrats put social security and medicare on the table. what do you think?...
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tell us how the payroll tax is different than the others. >> the payroll taxes come out of your paycheck automatically and used to fund social security. costs dids 120 billion for the treasury department to instead let you have a little smaller part of your paycheck goes to social security taxes and general funds used to cover the difference. you've had a little holiday. you've had a holiday for the past couple of years and that means you've been paying 4.2% toward payroll taxes. it's going back up to 6.2%. the more money you make, the more you're going to pay. let me show you exactly what it means. if you make $35,000 a year, you're going pay $700 more a year. if you make $50,000, you'll pay a thousand. everyone look for your bracket there, because what this means you're going to have a smaller paycheck. meant to be a temporary boost to the economy. and in the fiscal cliff, it is really temporary. they're not going to extend it. >> how important it is, the markets are not open today but they're going to be open tomorrow, that there is some real deal in hand from the senate side and the
tell us how the payroll tax is different than the others. >> the payroll taxes come out of your paycheck automatically and used to fund social security. costs dids 120 billion for the treasury department to instead let you have a little smaller part of your paycheck goes to social security taxes and general funds used to cover the difference. you've had a little holiday. you've had a holiday for the past couple of years and that means you've been paying 4.2% toward payroll taxes. it's...
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maybe tax reforms. everyone has an argument to make in the future and i think that is probably why this is going to pass. >> all right. we'll leave it at that. thank you very much. again, happy new year to you. >> thank you. >> coming up at 10:30 a.m. i'll talk to republican congressman tom cole. straight ahead, sending well wishes to hillary clinton. we'll have new details on the health of the secretary of state. keep it right here. >>> we continue to follow breaking news this new year's day. the house is meeting in a short time to take up its version of the bill to pull us back from the fiscal cliff. the senate came through with the deal in the wee hours of this new year. now it's up to the house to come to an agreement and vote before the financial markets have a chance to react when they open tomorrow. majority leader cantor is reportedly saying that no decision on the house vote has been made yet though they expect one soon and we will likely know more after the house republican conference meeting
maybe tax reforms. everyone has an argument to make in the future and i think that is probably why this is going to pass. >> all right. we'll leave it at that. thank you very much. again, happy new year to you. >> thank you. >> coming up at 10:30 a.m. i'll talk to republican congressman tom cole. straight ahead, sending well wishes to hillary clinton. we'll have new details on the health of the secretary of state. keep it right here. >>> we continue to follow breaking...
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estate tax. 10 years ago we passed a bill that phase the out the estate tax. this bill basically brings it back with 40% tax rate but for those out there who have, you know, seniors and their family the exemption now level would be $5 million at the time of death. rick: the amt, alternative minimum tax, that really never been right because it affects more and more americans each and every year. >> right. rick: not americans who were intended to be targeted when this thing was put in place years ago but there is a permanent patch now to fix that. that has to be good news for a lot of folks? >> that is very good news. this is a tax if we hadn't fixed this, rick, we would have been talking about 26, 27 -- 27 million americans paying the alternative minimum tax. we have this debate every 15 years. rick: every year. >> we have to extend the alternative tax to make sure not to hit middle class families. we have permanent fix, indexes for inflation adjustments. i view that as very good news for the midd
estate tax. 10 years ago we passed a bill that phase the out the estate tax. this bill basically brings it back with 40% tax rate but for those out there who have, you know, seniors and their family the exemption now level would be $5 million at the time of death. rick: the amt, alternative minimum tax, that really never been right because it affects more and more americans each and every year. >> right. rick: not americans who were intended to be targeted when this thing was put in place...
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. >> the temporary agreement keeps income tax rates steady for most americans limiting tax hikes to households making $450,000. >> i think we can say we've done some good for the country. >> president obama encouraged the house to pass it right away. >> if there's even one second left before you have to do what you're supposed to do, they will use that last second. >> this has not been a great start to the new year for hillary clinton. >> she's undergoing treatment for a blood clot in the head between the brain and the skull. >> she didn't have a stroke. she didn't have a seizure. the prognosis is excellent. >>> estimated 1 million people in times square. >> revelers welcomed in the new year with celebrations around the world, 1,000 people in hong kong, spectacular fireworks display over the skies of london. >> i'm saying let's get it on. >> it's so many people making out. >> it's you and me yea! >> all that matters. >> last night was the first new year's eve without the iconic countdown from dick clark. >> most people come and go dick clark was here for generations. >> someone on twitter said
. >> the temporary agreement keeps income tax rates steady for most americans limiting tax hikes to households making $450,000. >> i think we can say we've done some good for the country. >> president obama encouraged the house to pass it right away. >> if there's even one second left before you have to do what you're supposed to do, they will use that last second. >> this has not been a great start to the new year for hillary clinton. >> she's undergoing...
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neither party is thrilled did with the destation about the decision regarding income taxes. leaders on both sides of the aisle want time to look over the legislation. house speaker john boehner plan to vote on this deal or an amended version of it sometime today or tomorrow. live in washington, d.c., kyla campbell, ktvu channel 2 news. >>> 8:16. we have new details about a petaluma house fire on sunday where the flames shot several feet into the air. now we're learning that an off- duty firefighter saw the smoke on sunday, went to the house on tampico court and told the people who lived there to get out. two children and an adult were able to get out safely. the fire caused about $00,000 damage. the cause of it is still under investigation. >>> well, you the public you are invited to a meeting next week about closing down a shell avenue fire station in martinez. contra costa fire district officials say people who live in the area will be able to say how they feel about it, also get information on how the closure will affect fire services in the area. county supervisors voted
neither party is thrilled did with the destation about the decision regarding income taxes. leaders on both sides of the aisle want time to look over the legislation. house speaker john boehner plan to vote on this deal or an amended version of it sometime today or tomorrow. live in washington, d.c., kyla campbell, ktvu channel 2 news. >>> 8:16. we have new details about a petaluma house fire on sunday where the flames shot several feet into the air. now we're learning that an off-...
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a year will pay more taxes. that's $200,000 higher than the threshold president barack obama originally proposed. that is the senate deal postponed by two months, the spending cuts that are scheduled to start on january 1st. the senate passed the bill on two tuesday, two hours after the december 31st deadline. members of the republican-led house of representatives will vote on the bill on tuesday. lawmakers are expected to work on a stopgap measure to ensure the impact of the suspended tax cuts is minimal. >>> doctors treating hillary clinton say they have found a blood clot between her brain and skull. but they say she is making an excellent recovery. staff at a hospital in new york issued a statement on monday, a day after clinton arrived for treatment. last month, doctors diagnosed her with a concussion after a stomach virus caused her to become dehydrated and faint. she had been resting at home since then. medical personnel say an mri revealed a clot in a vein between clinton's right here but they say she di
a year will pay more taxes. that's $200,000 higher than the threshold president barack obama originally proposed. that is the senate deal postponed by two months, the spending cuts that are scheduled to start on january 1st. the senate passed the bill on two tuesday, two hours after the december 31st deadline. members of the republican-led house of representatives will vote on the bill on tuesday. lawmakers are expected to work on a stopgap measure to ensure the impact of the suspended tax cuts...
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if you vote for this bill, it's a vote to lower taxes, not raise taxes. it's optics, it's semantics, but it's very important for house republicans. >> it's ridiculous is what it is. >> and we know that a lot of democrats will support this final package. so, nancy pelosi will bring her votes. >> although welch told me he didn't know whether or not he would support it. >> nancy pelosi has signed off on it. it's up to john boehner to deliver his votes and can he do it without amending it, we do not know at this time. >> all right, luke. thank you very much. >> take care. >> we'll see you soon, i'm sure. >> indeed. >>> well, there's already been grumbling about this senate legislation from both sides of the aisle, but texas republican senator kay bailey hutchison says that is the essence of compromise. >> i don't love it, but i think it is a very good job of negotiating where there are some wins and some losses, and it's about even. >> with me now, the agreeos political editor parry bacon and lynn sweet, washington bureau chief for "the chicago sun ti s times
if you vote for this bill, it's a vote to lower taxes, not raise taxes. it's optics, it's semantics, but it's very important for house republicans. >> it's ridiculous is what it is. >> and we know that a lot of democrats will support this final package. so, nancy pelosi will bring her votes. >> although welch told me he didn't know whether or not he would support it. >> nancy pelosi has signed off on it. it's up to john boehner to deliver his votes and can he do it...
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social security payroll tax. there was a 2% payroll tax holiday enacted two years ago and putting that back in this bill was not part of the deal. so that tax holiday allowed to expire. about $20 a week from worker's paychecks will be going back to the social security trust fund instead of into their pockets. back to you guys. >> all right. thank you very much. >>> happening now, gay marriage ceremonies in maryland. same sex couples some of them started taking their vows at the stroke of midnight. marriage licenses were given out on december 6th. but the new law didn't go into affect until the new year. dozens of same sex weddings are scheduled for today. this day would not be possible if not for people like patrick. for nearly ten years he's been in the fight for ten years. they were one of the first couples to sue maryland for marriage equality. patrick joins us by phone to talk about this historic day. good morning to you. happy new year. >> good morning. happy new year. >> how are you feeling today? >> i'm ex
social security payroll tax. there was a 2% payroll tax holiday enacted two years ago and putting that back in this bill was not part of the deal. so that tax holiday allowed to expire. about $20 a week from worker's paychecks will be going back to the social security trust fund instead of into their pockets. back to you guys. >> all right. thank you very much. >>> happening now, gay marriage ceremonies in maryland. same sex couples some of them started taking their vows at the...
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middle income tax pairs will not see their taxes go up, income taxes go up and a lot of the cuts that are in the sequestration are simply put off for two months. so we are going to have another showdown here in february and march. >> can you give us an idea what kind of feedback you got from constituents in northern california? and give us a little idea what the weekend was like in the chapel ber, how many hours. it must have been crazy in the chamber. >> well, the constituents in northern california want us to work together and get things done. and what happened in the last couple of days in the house was almost nothing. the action was over in the senate between the senate and the white house. vice president biden and mcconnell ultimately worked out a deal. and the house is in a situation now where it's take it or leave it. we're going to be taking it. basically, we have been marking time for the last three or four days in the house as i think most people know, there was a total breakdown in the house of representatives before christmas. speaker boehner proposed his plan b. that did
middle income tax pairs will not see their taxes go up, income taxes go up and a lot of the cuts that are in the sequestration are simply put off for two months. so we are going to have another showdown here in february and march. >> can you give us an idea what kind of feedback you got from constituents in northern california? and give us a little idea what the weekend was like in the chapel ber, how many hours. it must have been crazy in the chamber. >> well, the constituents in...
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they want tax reform. so do democrats want tax reform but they have different ideas about how to do it it. it's kicking the can down the road. there will be a lot more ahead on this. >> brianna keilar breaking it down for us at the white house. thanks for that. >>> eight senators voted against this compromised measure, but the opposition didn't fall along party lines. tom harkin, tom krarner and michael bennett all voted now. so did these five republicans. let's put the politics to the side for a minute and ask the question most of us are wondering. what does this measure mean for you and your wallet? ali velshi is crunch iing the numbers. >> good morning. the first thing is the payroll tax holiday goes away. everybody is going to get a little less in their paycheck every month. that's going to hit the economy. it's a tax holiday that you had that we're losing now. if you earn more than $400,000 as an individual or $450,000 as a household, you'll be paying higher taxes in 2013. that won't hit you yet. noth
they want tax reform. so do democrats want tax reform but they have different ideas about how to do it it. it's kicking the can down the road. there will be a lot more ahead on this. >> brianna keilar breaking it down for us at the white house. thanks for that. >>> eight senators voted against this compromised measure, but the opposition didn't fall along party lines. tom harkin, tom krarner and michael bennett all voted now. so did these five republicans. let's put the politics...
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technically everybody's taxes have already gone up. the tax cuts have expired. but if the bill can pass in the house in the next day or two, the tax cuts can be made retroactive. the bill, if it passes, would extend tax cuts for all workers earning under $400,000. it would prevent a big tax hike estates values at less than $5 million and it would extend unemployment benefits set to expire today for some 2 million people. even as they closed in on that deal yesterday, congressional republicans were not happy with what they heard from president obama who held a campaign-style event at the white house. >> i'm going to be president for the next four years, i think. >> reporter: effectively continuing the partisans' bickering we've long seen. >> time to stop the cheerleading and campaigning. >> i know the president enjoys heckling and having pep rallies to get congress to act instead of sitting down and negotiating. >> reporter: now the big new year's test, can it pass in the house? for "good morning america," jonathan karl, abc news, washington. >>> president obama
technically everybody's taxes have already gone up. the tax cuts have expired. but if the bill can pass in the house in the next day or two, the tax cuts can be made retroactive. the bill, if it passes, would extend tax cuts for all workers earning under $400,000. it would prevent a big tax hike estates values at less than $5 million and it would extend unemployment benefits set to expire today for some 2 million people. even as they closed in on that deal yesterday, congressional republicans...
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high-end rates for the estate tax and the capital gains tax will rise. all of those elements will be made permanent. in addition, the alternative minimum tax, which is patched every year, will be fixed permanently. several tax credits, including ones for children, college tuition and earned income, will be extended for five years. and long-term unemployment benefits will be extended for a year. now, the big issue not addressed, those sequester spending cuts, which are simply being delayed for two months. nbc's capitol hill correspondent kelly o'donnell has more on how it went down. kelly, good morning. >> reporter: good morning, chris. this new year means a new day for possible bipartisanship. we've been building up to this fiscal cliff and the deal finally came together late on new year's eve, and it took the vice president coming here to make the final sale to fellow democrats. biden had been negotiating with the top republican in the senate, and they've come together on a deal that keeps most people's taxes right where they have been, but it does set
high-end rates for the estate tax and the capital gains tax will rise. all of those elements will be made permanent. in addition, the alternative minimum tax, which is patched every year, will be fixed permanently. several tax credits, including ones for children, college tuition and earned income, will be extended for five years. and long-term unemployment benefits will be extended for a year. now, the big issue not addressed, those sequester spending cuts, which are simply being delayed for...
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the service is available and i saw a lot of taxes sister on the road this morning coming into work >> tara told them to be somewhere. which you always do. >> i did. there were a lot of other options with mass transit and we do have a traffic hazard in san mateo, a ladder on 101 off ramp which is blocking two lanes of traffic and caltrans is on its way. you can see traffic is moving along nicely into marin county and headlights are moving into san francisco. at the bay bridge toll plaza, same thing, traffic is looking good moving into the city and traffic westbound towards foster city and on the left- hand side towards hayward looking good. here is steve. >>> the system is producing very light showers and it is a fast mover and i will show you in just a second so you can have a better look at it. it is not doing much in the way of moisture. everybody on the cloud cover said mostly cloudy, 27 ukiah and sacramento and cold air is coming in later on. even though there is a few little showers right a long san mateo coast, you can see a little bit of shower activity. it is moving to woodsid
the service is available and i saw a lot of taxes sister on the road this morning coming into work >> tara told them to be somewhere. which you always do. >> i did. there were a lot of other options with mass transit and we do have a traffic hazard in san mateo, a ladder on 101 off ramp which is blocking two lanes of traffic and caltrans is on its way. you can see traffic is moving along nicely into marin county and headlights are moving into san francisco. at the bay bridge toll...
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taxes in el cerrito and union city are now at 9.5%. >>> 5:50 now. marijuana clubs are starting to pop up in the state of colorado. at least two have opened up less than a month after the governor signed into law a constitution amendment allowing recreational marijuana use. one: 00 says 200 people -- one club says 200 people have already signed up and paying the $30 admission fee. they have to bring their own drugs. as long as it's not sold, it's legal in colorado. where do they get it? >> let's not ask. >>> if you partied hard last night we have the magic veggie to cure your hangover. we'll tell you about that. >> maybe your new year's resolution is hitting the gym. meet a couple that plans to run a marathon every day this year. wow. >> you're going to meet them. ,, ,,,, new years clutter is no match for someone with big ideas. with a new project in mind, some how-to knowledge to give us an edge, and more savings down every aisle. it only takes a few twists and turns for those bright ideas to make the new year even brighter. more saving. more doing.
taxes in el cerrito and union city are now at 9.5%. >>> 5:50 now. marijuana clubs are starting to pop up in the state of colorado. at least two have opened up less than a month after the governor signed into law a constitution amendment allowing recreational marijuana use. one: 00 says 200 people -- one club says 200 people have already signed up and paying the $30 admission fee. they have to bring their own drugs. as long as it's not sold, it's legal in colorado. where do they get it?...
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. >> so local governments have even higher taxes and the bay area taxes in el cerrito and union city are now at 9.5%. >>> there are also a number of new laws set to go into effect today. drivers in california can now text and email while driving if they use a voice-operated system. other laws restrict banks from pursuing so-called dual track foreclosures. and there are also several measures designed to ensure the safety of natural gas pipeline. but there's one contested measure that's still on hold a ban on gay conversion therapy. it will not go into effect because of a federal appeals court issuing a stay. >>> chp out in force last night looking for anyone who shouldn't be on the roads and here's a sobering thought. a dui can cost you up to $7,000. cbs reporter mark strassmann shows how some new technology could put the brakes on drunk driving. >>> reporter: >> so we want to take this device and implement it in the car. >> reporter: bud is leading a team creating technology that might prevent 10,000 drunk driving deaths a year. unlike this existing breathalyzer test for convicted dr
. >> so local governments have even higher taxes and the bay area taxes in el cerrito and union city are now at 9.5%. >>> there are also a number of new laws set to go into effect today. drivers in california can now text and email while driving if they use a voice-operated system. other laws restrict banks from pursuing so-called dual track foreclosures. and there are also several measures designed to ensure the safety of natural gas pipeline. but there's one contested measure...
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but congress can undo those tax hikes if the house passes the senate's bill. vice president biden, who was instrumental in brokering the deal, told reporters he's hopeful it can get through the house but you never know. >> you shouldn't predict how the senate will vote before they vote and number two, you surely shouldn't predict how the house is going to vote. >> reporter: it would extend tax cuts for all workers earning under $400,000 and raise taxes on people above that level and prevent a big tax hike in an estate valued at less than $5 million and extend unemployment benefits for 2 million people. the house will take it up later this morning, the hope is that chamber can pass it before the economy is rocked by the tax hikes. >> happy new year. i feel very, very good. >> reporter: president obama called the senate vote the right thing to do for the country and he encouraged the house to pass it right away. >> all right, abc's tahman bradley reporting from washington. thanks. have a very happy new year. we know you're going to be today, tahman. >> same to y
but congress can undo those tax hikes if the house passes the senate's bill. vice president biden, who was instrumental in brokering the deal, told reporters he's hopeful it can get through the house but you never know. >> you shouldn't predict how the senate will vote before they vote and number two, you surely shouldn't predict how the house is going to vote. >> reporter: it would extend tax cuts for all workers earning under $400,000 and raise taxes on people above that level and...
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so any vote in the house will be a vote for tax cuts, not for tax hikes. that helps. john boehner needs to take this deal struck in the senate that presumably has some buy in from him if not from his rank and file, because mitch mcconnell did not negotiate this is a vacuum and this is a pretty overwe will being vote. he will take this to his conference today and see where they are at. the expectation is there are two directions this could go. either a vote on the bill or house republicans propose changes so they can amend the bill more to their liking and send it back to the senate. but i think this is expected to move along here. >> there could be amendments, one past, they could vote on amendments, could fail, and then vote on the full measure. isn't that true also? >> yeah, that is true, and the other thing is once anything goes to the floor, it's not just up to republicans, it will -- and the think the expectation all along, whatever ultimately passes the house as we saw in the senate will require democrats and republicans. >> talking to phil gingery, seemed to be
so any vote in the house will be a vote for tax cuts, not for tax hikes. that helps. john boehner needs to take this deal struck in the senate that presumably has some buy in from him if not from his rank and file, because mitch mcconnell did not negotiate this is a vacuum and this is a pretty overwe will being vote. he will take this to his conference today and see where they are at. the expectation is there are two directions this could go. either a vote on the bill or house republicans...
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payroll tax. it also kicked the can down the road on automatic spending cuts for the defense department and domestic programs. they've been postponed for two months. as lee cowan reports, that uncertainty has many business owners worried. >> reporter: jo ann vinute is running the numbers. her payroll is due this week. although she at least now has a hint on what taxes to withhold from her dozen employees, that's only half her worry. unresolved spending cuts are the other. >> it's very uncertain and very unnerving and very -- causes a lot of anxiety and a lot of lack of sleep. >> reporter: she's the president of golden state magnetic. a $2 million a year los angeles company that inspects, cleans and paints high-tech aircraft and aerospace parts. everything from fighter jets to mars rovers. any cuts in defense spending could mean cuts in her business, too. and the waiting has her on a fiscal cliff of her own. what does it do if there's another, you know, month, two months, three months of this? >> i
payroll tax. it also kicked the can down the road on automatic spending cuts for the defense department and domestic programs. they've been postponed for two months. as lee cowan reports, that uncertainty has many business owners worried. >> reporter: jo ann vinute is running the numbers. her payroll is due this week. although she at least now has a hint on what taxes to withhold from her dozen employees, that's only half her worry. unresolved spending cuts are the other. >> it's...
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this means most people's taxes will stay the same and income tax rate also go up but only to the highest earners. unemployment benefits will keep coming for those that have been out of work the longest and spending cuts for government programs and the military will be on hold a couple of months, giving congress more time to figure out how to reduce the deficit with other kinds of changes. that was just the senate working in the middle of the night. the house of representatives comes in today with pressure on them to make a deal as well and to cast a vote. that fiscal cliff has arrived but it looks like a solution is in place. andrea? >> thanks, kelly. your voice sounds a little like mine this morning. >> reporter: indeed. >>> doctors treating secretary of state hillary clinton for a blood clot in her head say they're confident she'll make a full recovery. more from chief science correspondent robert bazell. happy new year, robert. >> reporter: happy new year to you, andrea. the story could be a lot worse. it now appears that hillary clinton was in a dangerous situation, but it's been res
this means most people's taxes will stay the same and income tax rate also go up but only to the highest earners. unemployment benefits will keep coming for those that have been out of work the longest and spending cuts for government programs and the military will be on hold a couple of months, giving congress more time to figure out how to reduce the deficit with other kinds of changes. that was just the senate working in the middle of the night. the house of representatives comes in today...
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the tax-cut measure that they did. nobody making $40,000 a month needs a tax breaks. we discussed the tax thing in an earlier program. the middle class is paying for it. i didn't understand that liberals do not band together stronger and show a united force. it is okay to have obama as the president. if we say the president is caving in, we have power. guest: we have seen 26 straight months of private sector job gains. we have seen losses in the public sector. you can expect that public unemployment problem to get worse. progressives can get behind the president and claimed a win over the republicans. or they can hold out for the progressive principles that they originally wanted. i think in congress a lot of folks will wind up back in the president. host: guestok. good morning, steve. caller: happy new year. everybody is talking about going back to the clinton's tax brackets. do you think that is a good idea? andt: go back to the 1990's everybody did quite well. tic talk. apocalyps it is not all that much debilitating when people tend to save the money rather than sp
the tax-cut measure that they did. nobody making $40,000 a month needs a tax breaks. we discussed the tax thing in an earlier program. the middle class is paying for it. i didn't understand that liberals do not band together stronger and show a united force. it is okay to have obama as the president. if we say the president is caving in, we have power. guest: we have seen 26 straight months of private sector job gains. we have seen losses in the public sector. you can expect that public...
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and compromise on the estate tax. a republican win on the estate tax. is that food enough for you to accept, even though you don't want to raise taxes? >> although, two points, the estate tax is better than going back to a million dollar exclusi exclusion, 55%, tax rate or anything above that there shouldn't be any tacks on death. it shouldn't be a taxable event. regarding theation on people making above $400,000. go back to 1993, the clinton era tax rates which the democrats want. $250,000 then taxed at 39 mt 6% is the equivalent of $398,000 tow with according to a labor statistic bureau and regular inflation. it's not that great of a deal i don't think as it goes and it's taxing and still taxing small business men and women, and i don't like that at all. >> representative gingrich, ali velshi, happy new year to you, sir. i want to talk to something that played out yesterday. you were a tough primary in the past and that was when you first signed the norquist pledge. am i right? >> that's right. absolutely. >> and grover norquist seems to have approved
and compromise on the estate tax. a republican win on the estate tax. is that food enough for you to accept, even though you don't want to raise taxes? >> although, two points, the estate tax is better than going back to a million dollar exclusi exclusion, 55%, tax rate or anything above that there shouldn't be any tacks on death. it shouldn't be a taxable event. regarding theation on people making above $400,000. go back to 1993, the clinton era tax rates which the democrats want....
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that broke 20 years of opposition to tax hikes. >> republicans said they would never agree to raise tax rates on the wealthiest americans. >> only five senate republicans voted no. >> middle-class families will wake up to the assurance that their taxes will not go up $2,200 each. >> not so fast. house speaker and his members might not go along. john boehner sent house members home to celebrate the new year without a vote. >> this is disgusting. everybody involved should be embarrassed. >> the economy could still take a hit. the house takes up whether to follow the senate's lead and hike taxes on the wealthy. steve handelsman, nbc news. >> the first same-sex couples work legally wed in a ceremony at city hall this morning. >> kim dacey is live this morning with all of the details. >> it was an historic night at city hall as the first same-sex couples did get married in a special ceremony this morning. seven couples took their vows. the mayor performed the first ceremony. she has marriage power. she also is an ordained minister. she married jim and bill, a couple that has been together fo
that broke 20 years of opposition to tax hikes. >> republicans said they would never agree to raise tax rates on the wealthiest americans. >> only five senate republicans voted no. >> middle-class families will wake up to the assurance that their taxes will not go up $2,200 each. >> not so fast. house speaker and his members might not go along. john boehner sent house members home to celebrate the new year without a vote. >> this is disgusting. everybody involved...
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there is one tax that will rise for most workers. we're talking about the 2% payroll tax cut that was part of an obama stimulus that was passed two years ago and then extended for another year. in this deal, they're going to let that payroll tax cut expire and that will mean that an additional $20 a week out of most workers paychecks will now go back to the social security trust fund instead of into their pockets. juror all right. thank you -- >> all right. thank you for that report. >>> one major issue is the bill does not address is the debt ceiling. monday, the u.s. reached its legal borrowing limit and now the treasury department must work to buy time until the end of next month. the department will suspend some investments and benefit funds for federal workers. still, department will not be able to pay all of the nation's bills on time. this could set stage for another capitol hill battle as congress must vote to raise the debt ceiling. >> new this morning, gay marriage ceremonies are under way in maryland. same-sex couples have
there is one tax that will rise for most workers. we're talking about the 2% payroll tax cut that was part of an obama stimulus that was passed two years ago and then extended for another year. in this deal, they're going to let that payroll tax cut expire and that will mean that an additional $20 a week out of most workers paychecks will now go back to the social security trust fund instead of into their pockets. juror all right. thank you -- >> all right. thank you for that report....
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property taxes gone down. any time we get an influx of revenue that allows us to provide for services to the county revenue. >> prince george's county expects more than 80,000 people to pack fedex field for the game. hotels already booking up and fans are stocking up on 'skins gear at the fedex field store. >> today is the last day to see one with of the country's most important documents. the emancipation proclamation has only been on display at the national archives for three days because it's so fragile. president abraham lincoln issued it during the civil war. it freed all slaves and states rebelling against the union. historians considering the proclamation a steppingstone to the ratification of the 13th amendment which outlawed slavery. you have until 5:00 tonight to see the document. >>> people all around the world celebrating the new year. tens of thousands of revelers watched the fireworks at the seattle space needle in washington state who rang in the new year about 3:00 this morning our time. >> tha
property taxes gone down. any time we get an influx of revenue that allows us to provide for services to the county revenue. >> prince george's county expects more than 80,000 people to pack fedex field for the game. hotels already booking up and fans are stocking up on 'skins gear at the fedex field store. >> today is the last day to see one with of the country's most important documents. the emancipation proclamation has only been on display at the national archives for three days...
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this cllss faailies ill wake up their taxes won't go up..." &p democratic senator tom harkin suggested the leeissation missed the marr. sen. tom harkin / d-ia)"...it priority, creating good middle plass jobs now // secondly, this proposal doos not gennrate the revenue necessary forrthe couutry to meet its neees..." republican senate miioritt leader mitch mcconnell says neithee side got everything it wanted.sen. mitch mcconnell (r-ky) / minnrity leader"...so it took pn imperfect solution to prevent our constituents from very reaa financial pain. bbt innmy view, it wassworth the effort..."(anccor tagg the republican-controlled house is exppcted to begin considering the bill later today. a final vote is &pexpected in the next day or two, passaae is not t all certtin. in new york, pattiiann browne, fox neww. it's not just the fiscal to worryyabout the debt ceiling.the u-s reached it's legal borrowing limit of yesterday.the treasury department is taking measures suspending some investments inn workers..ut after that... the treasury will not be able
this cllss faailies ill wake up their taxes won't go up..." &p democratic senator tom harkin suggested the leeissation missed the marr. sen. tom harkin / d-ia)"...it priority, creating good middle plass jobs now // secondly, this proposal doos not gennrate the revenue necessary forrthe couutry to meet its neees..." republican senate miioritt leader mitch mcconnell says neithee side got everything it wanted.sen. mitch mcconnell (r-ky) / minnrity leader"...so it took pn...
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, he got $3 worth of tax cuts for every $1 in tax hikes. the tax cuts never came. however -- and this is the ratio right now. as juliet mentioned. 4 # 2-1. $42 in new tax hikes to every dollar in spending cuts. a lot of conservatives do not like that. that is not a good deal to them. >> the house has not voted yet. this is going to be in their hands at this point. john boehner is like we've got to look at things. it's not going to happen overnight. >> it seems like a couple of weeks ago but it was about a week ago when the house of representatives voted on boehner's plan b which would have set the threshold at $1 million. now they're going to vote on it at $450,000. you've got to figure a lot of republicans aren't going to go along. >> what exactly happened? we're going to go over this in detail with chad who saw the play-by-play and was e-mailing us the play-by-play. mitch mcconnell called up -- bypassed senator reid who never got back to him on saturday and said can i speak to the vice president, joe biden? we're used to cutting deals tog
, he got $3 worth of tax cuts for every $1 in tax hikes. the tax cuts never came. however -- and this is the ratio right now. as juliet mentioned. 4 # 2-1. $42 in new tax hikes to every dollar in spending cuts. a lot of conservatives do not like that. that is not a good deal to them. >> the house has not voted yet. this is going to be in their hands at this point. john boehner is like we've got to look at things. it's not going to happen overnight. >> it seems like a couple of weeks...
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members of both political parties who badly want these middle class taxes rolled back fast hope what the senate did this morning makes it easier for house republicans to follow suit. it was a rare bipartisan vote, 89-8. two hours after america went off the fiscal cliff, vice president biden came to the capitol to sell the fix he worked out with gop leader mitch mcconnell who spoke for senate republicans. >> we don't think taxes should be going up on anyone. but we all knew if we did nothing, they'd be going up on everyone. >> reporter: the senate voted to reverse today's tax hikes on 98% of americans. but to keep the higher rate on families making over $450,000. president obama took credit for breaking 20 years of gop opposition to tax hikes. >> keep in mind that just last month, republicans in congress said they would never agree to raise tax rates on the wealthiest americans. >> reporter: five senate republicans voted no. >> middle class families will wake up today to the assurance their taxes won't go up $2,200 each. >> reporter: not so fast. house speaker john boehner and his gop
members of both political parties who badly want these middle class taxes rolled back fast hope what the senate did this morning makes it easier for house republicans to follow suit. it was a rare bipartisan vote, 89-8. two hours after america went off the fiscal cliff, vice president biden came to the capitol to sell the fix he worked out with gop leader mitch mcconnell who spoke for senate republicans. >> we don't think taxes should be going up on anyone. but we all knew if we did...
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estate tax in familiar. and it was at 35% right now. democrats wanted to raise it to 45%. it looks like it will be 40%, beginning with $5 million. above my head. >> senate getting ready to vote now and then goes to the house and we'll see what happens there. >> yes. and they reconvene at noon today. no football games for them, right? >>> this holiday will be another day in the hospital for secretary of state hillary clinton after doctors discovered a blood clot in her head. she's being treated in a manhattan hospital. wendy has the latest from new york. >> reporter: hillary clinton's doctors say they detected a clot in the vein between her brain and skull. >> if it dislodges, it could cause a stroke. doctors say there's no sign of that right now. >> reporter: it did not result in a stroke or neurological damage. she's being treated with blood thinners to help dissolve the clot. she's expected to make a full recovery. the doctors add that she's in good spirits and is making excellent progress. clinton's medic
estate tax in familiar. and it was at 35% right now. democrats wanted to raise it to 45%. it looks like it will be 40%, beginning with $5 million. above my head. >> senate getting ready to vote now and then goes to the house and we'll see what happens there. >> yes. and they reconvene at noon today. no football games for them, right? >>> this holiday will be another day in the hospital for secretary of state hillary clinton after doctors discovered a blood clot in her head....
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these tax hikes are not enough for him. that he's going to go after more tax hikes. it's going to be the same discussion. the fact is we're just ceding more and more ground and more and more jobs, by the way, that young people need. so that's one of the things where i think house republicans get it, where at least i mean the majority of our caucus gets it where we're going to stand up against this plan because it's bad for young people, bad for our future, it's bad for the rest of america too. there was a great article in "the washington times" yesterday about why this plan and why plans like this are going to absolutely hurt and bankrupt our generation. i think there's at least a core group of republicans who are actually going to defend that and try to get a real solution done. something that addresses entitlement reform, that doesn't just tax people. this is a tax bill. this just raises taxes. and that's all it's doing. and the fact of the matter is grover norquist, this just shows how little power grover has. grover is a friend and i like him. however remember wi
these tax hikes are not enough for him. that he's going to go after more tax hikes. it's going to be the same discussion. the fact is we're just ceding more and more ground and more and more jobs, by the way, that young people need. so that's one of the things where i think house republicans get it, where at least i mean the majority of our caucus gets it where we're going to stand up against this plan because it's bad for young people, bad for our future, it's bad for the rest of america too....